Determining the Most Financially Prosperous Place to WorkIn America, the cost of living from state to state and city to city differs vastly. As a result, people performing the same jobs in different regions will get paid different wages and generate different levels of earnings for performing the same tasks. A janitor in NYC will make considerably more than a janitor in Wichita, KS. This is to compensate for the fact that the cost of living in NYC is incredibly high relative to the cost of living in Wichita. This concept is very important to people that are contemplating moving to new areas, especially if they are doing so in order to work. The following will analyze the various price indexes to average earnings and determine the most profitable place to live as well as the least profitable place to live. A good place to start is defining the various concepts that will be discussed. Exhibit 1 displays the various statistics that are used for analysis on the state level and Exhibit 2 displays the statistics used on the city level. The cost of living index (CLI) is derived from a price index, which is a composite measure of the price of a basket of goods. This basket consists of various goods that are likely to be purchased by consumers such as, but not limited to, education, clothing, and shelter. The CLI provides a weight to achieve real earnings as opposed to nominal earnings, which are arbitrary when doing comparisons. It does this by combining the average costs of goods in a given area and indexing them on a scale to 100. A low cost of living indicates that money in that area has a higher purchasing power than in areas with a high cost of living. The other statistic that needs to be defined is earnings. First, earnings need to be differentiated from income because earnings pertain solely to money generated from performing work. Income includes various other sources such as returns on investments, inheritance, or gifts. Second, earnings statistics used in this analysis were collected by the United States Census Bureau, via the Current Population Survey (CPS), and are an average of overall household earnings by state. These two statistics, when compared, can help determine where in the United States one has the best earning potential, or “bang for the buck.” The five states with the lowest costs of living, based on information found on the Missouri Department of Economic Development website, are Oklahoma (90.5), Tennessee (90.6), Kentucky (91), Arkansas (91.5), and Indiana (91.7).1 The five states with the highest costs of living are Hawaii (167.1), Alaska (134.5), Connecticut (132.7), New York (130.4), and New Jersey (129.8). 1 If the data is confined to the continental United States, where goods are cheaper and more easily accessible, Hawaii and Alaska are replaced by California (125.6) and Rhode Island (123.5). 1 Now, a trend starts to develop. Clearly, the cost of living is higher in the Northeast and much lower in the Southeast/lower Midwest. This suggests that a dollar will be able to purchase more in the Southeast than in the Northeast.

Average earnings by state in the United States have a fairly large range, Maryland has the highest average earnings with $67,469 and Mississippi has the lowest with $39,078 for a range of $28,390.2 The five states with the highest average household earnings are Maryland ($67,469), New Hampshire ($67,287), Connecticut ($67,185), New Jersey ($65,072), and Massachusetts ($62,809). 2 The five states with the lowest average household earnings are Mississippi ($39,078), Arkansas ($39,806), Tennessee ($41,524), Montana ($41,753), and South Carolina ($42,065). 2 Similar geographic trends appear in earnings as they did in the cost of living index. Earnings in the Northeast are much higher, on average, than the Southeast and Midwest. This suggests that people make more money for performing work in the Northeast than they do performing the same work in the Southeast...

YOU MAY ALSO FIND THESE DOCUMENTS HELPFUL

...Living with a stereotype in America
Dennis Cabuyao
Instructor: Elliot Crozat
Ashford University
08/19/2013
Stereotyping is a very common interaction that we might all experience at some point in our lives. As a mixed race American I have experienced stereotyping on many occasions. The first stereotype that I experienced was growing up in a mixed race household and appearing more oriental than white most people assumed that I was full blooded oriental...

...Today, many people immigrate to the United States of America in search of the American
Dream; freedom, equality, and the opportunity to achieve their personal goals in life that they
could not otherwise achieve in their homeland. The American Dream is the pursuit of prosperity Today, many people immigrate to the United States of America in search of the American
Dream; freedom, equality, and the opportunity to achieve their personal goals in life that they...

...Reimbursement for Living Organ Donors in America:
According to the website, Donate Life America, more than 100,000 men, women, and children currently need life-saving organ transplants. In 2009, there were only 8,021 deceased organ donors, and 6,610 living donors resulting in 28,465 organ transplants. This massive shortage in organ donors brings about a crisis among many waiting for an organ. While the process is still illegal in the...

...journey to the United States of America, in hopes of beginning a new life for himself and his family. Even though her father is captured at the border of Russia and returned home, he managed to get to America. Once in America, he began work as a tailor, striving to earn enough money to bring his entire family to America. In the next year and a half, Rose’s father is finally able to get Rose and her aunt Masha to America....

...God Save the Queen
Lyrics
God save our gracious Queen,
Long live our noble Queen,
God save the Queen:
Send her victorious,
Happy and glorious,
Long to reign over us:
God save the Queen.
O Lord, our God, arise,
Scatter her enemies,
And make them fall.
Confound their politics,
Frustrate their knavish tricks,
On thee our hopes we fix:
God save the Queen.
Thy choicest gifts in store,
On her be pleased to pour;
Long may she reign:
May she defend our laws,...

...This note will be available later.Act III, Scene I
1. What news about Albany, Cornwall, and the King of France does Kent reveal to the Gentleman?
2. What mission does Kent ask the Gentleman to complete?
Act III, Scene II
1. In Lear’s first speech in this scene, how does Shakespeare portray the great emotional upheaval going on within Lear’s mind?
2. What comment about women does Lear make in his speech?
3. What is Kent’s opinion of the storm’s ferocity?
4. How does Lear’s remark “I am...

...Living Wills, sometimes called Advanced Directives, are legal documents accepted in all 50 states. They clearly define a person's wish to decline life-support or medical treatment in certain circumstances, usually when death is imminent. Generally, a living will takes effect when a person becomes terminally ill, permanently unconscious or conscious with irreversible brain damage.
<br>
<br>A living will also allows a person to state with particularity...

...﻿Living in the “Inner City”
Exam Date
Wed, December 4th, 2013, 8:30
Design
For each text, there will be 2 multiple choice questions
There will be altogether 20 questions, corresponding with the 20% evaluation of this exam
per correct answer you get one grade point
Required Texts
Sherene Razack, Race, Space and the Law (RSL)
S. Razack, When Place becomes Race (1-17)
M. Oikawa, Cartographies of Violence (71-98)
B. Lawrence, Rewriting Histories of the Land (21-46)...